Budget Analyst salary in Indianapolis-Carmel-Greenwood, IN
Budget Analysts in the Indianapolis-Carmel-Greenwood, IN metro area earn a median of $87,280 a year ($41.96 an hour), based on BLS data for 230 workers.
Pay ranges from $62,930 for the lowest-paid 10% to $112,160 for the top 10%. That is 5% lower than the national median of $91,640. Pay here is 6% higher than the Indiana statewide median of $82,080. There are 0.21 budget analysts per 1,000 jobs here — the job is less common than nationally (location quotient 0.70). The average (mean) salary is $86,770, close to the median.
Pay range for budget analysts in Indianapolis-Carmel-Greenwood, IN
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $62,930 | $30.25 |
| 25th percentile | $71,500 | $34.38 |
| Median | $87,280 | $41.96 |
| 75th percentile | $99,740 | $47.95 |
| 90th percentile (top earners) | $112,160 | $53.93 |
| Average (mean) | $86,770 | $41.72 |
Half of budget analysts earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $7,273.33 |
| Semi-monthly (24 a year) | $3,636.67 |
| Biweekly (26 a year) | $3,356.92 |
| Weekly | $1,678.46 |
| Hourly | $41.96 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $87,280 salary, see how much house you can afford in Indiana at today's mortgage rates, or work out a payment with the mortgage calculator.
Budget Analyst salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Cincinnati, OH-KY-IN | $97,190 | 150 |
| Chicago-Naperville-Elgin, IL-IN | $88,460 | 430 |
| Louisville/Jefferson County, KY-IN | $87,770 | 100 |
Highest-paying states for budget analysts
| State | Median salary |
|---|---|
| District of Columbia | $124,590 |
| Maryland | $106,020 |
| Virginia | $105,470 |
| California | $99,520 |
| Alabama | $99,490 |
| Colorado | $97,100 |
| Washington | $96,640 |
| Michigan | $96,430 |
| New Jersey | $96,250 |
| Connecticut | $95,440 |
See Budget Analyst pay in every state or the Indiana statewide figures.
Related jobs in Indianapolis-Carmel-Greenwood, IN
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $79,290 | $38.12 |
| Personal Financial Advisor | $102,640 | $49.35 |
| Loan Officer | $74,790 | $35.96 |
| Financial and Investment Analysts | $80,470 | $38.69 |
| Financial Specialists, All Other | $95,410 | $45.87 |
| Insurance Underwriter | $79,280 | $38.12 |
| Tax Preparer | $45,780 | $22.01 |
| Property Appraisers and Assessors | $66,720 | $32.08 |
| Credit Counselor | $48,180 | $23.16 |
| Tax Examiners and Collectors, and Revenue Agents | $51,590 | $24.81 |
| Credit Analyst | $69,960 | $33.64 |
| Financial Risk Specialist | $101,910 | $48.99 |
| Financial Examiner | $83,570 | $40.18 |
| Human Resources Specialist | $67,300 | $32.36 |
More: Business and Financial Operations Occupations · all salaries in Indianapolis-Carmel-Greenwood, IN
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2031. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a budget analyst make in Indianapolis-Carmel-Greenwood, IN?
The median salary for budget analysts in the Indianapolis-Carmel-Greenwood, IN metro area is $87,280 a year, or $41.96 an hour. Pay ranges from $62,930 for the lowest-paid 10% to $112,160 for the top 10%.
How much do the highest-paid budget analysts make in Indianapolis-Carmel-Greenwood, IN?
The top 10% of budget analysts in the Indianapolis-Carmel-Greenwood, IN metro area earn at least $112,160 a year. The top 25% earn $99,740 or more.
What is the starting pay for budget analysts in Indianapolis-Carmel-Greenwood, IN?
Entry-level pay (the 10th percentile) is about $62,930 a year, and a quarter of budget analysts earn $71,500 or less.
How many budget analysts work in Indianapolis-Carmel-Greenwood, IN?
About 230 budget analysts are employed in the Indianapolis-Carmel-Greenwood, IN metro area, not counting the self-employed.